Grant of Incentive Subscription Rights in IDEX Biometrics 4 Dec 2019
The board of directors of IDEX Biometrics ASA resolved on 4 December 2019 to issue 4,938,543 incentive subscription rights to employees in the IDEX group. The grant was made under the company’s 2019 incentive subscription rights plan as resolved at the annual general meeting on 9 May 2019. The exercise price of the subscription rights is NOK 0.15 per share. The subscription rights vest by 50% per year over two years and expire on 9 May 2024. Following the grant there will be 54,911,643 subscription rights outstanding in IDEX.
For further information contact:
Derek P. D’Antilio, CPA
Chief Financial Officer
Tel: +1 978 273 1344
Tel: +47 4062 1040
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and OTCQB: IDXAF) is a leading provider of fingerprint identification technologies offering simple, secure and personal authentication for all. We help people make payments, prove their identity, gain access to information, unlock devices or gain admittance to buildings with the touch of a finger. We invent, engineer, and commercialize these secure, yet incredibly user-friendly solutions. Our total addressable market represents a fast-growing multi-billion-unit opportunity.
For more information, visit www.idexbiometrics.com and follow @IDEXBiometrics
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act